The global agricultural adjuvant market is forecast to expand at 6% CAGR over the forecast period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 3,536 million in 2023 to US$ 6,518.4 million by 2033.
Green insecticides, which are becoming increasingly popular, have had a favourable impact on the agricultural adjuvant business. Green insecticides are gradually gaining acceptance in the pesticide sector. As a result, aggressive marketing of more environmentally friendly solvents and chemicals is boosting market growth.
Microbial insecticides with desirable characteristics are in high demand. Examples include minimal environmental persistence, target selectivity, and low non-target biological toxicities.
Manufacturers are concentrating on increasing the biocontrol efficacy of microbial pesticides by improving the chemical and physical properties of adjuvants. Special emphasis is being made on ensuring safety, improving dispersion performance, and increasing absorption capacity.
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The significance of microbial pesticides for the creation of efficient and sustainable green agriculture is growing. As a result, pushing the development of green adjuvants. Sustainable green adjuvants are projected to replace high residual and extremely toxic chemical pesticides.
The increasingly expanding population has pushed the demand for food and various other fiber supplements. Consequently, catalyzing the demand for increased yields. This is favoring the market growth of agricultural adjuvants.
The popularity of silicon adjuvants amid government initiatives to drive zero growth in the use of pesticides is increasing. Owing to the application of silicone adjuvant, the industry is observing modifications in application technology and formulation.
Top Highlights from the FMI’s Analysis of the Agricultural Adjuvant Market:
- North America is projected to be the leading market for the agricultural adjuvant industry over the forecast period. In 2022, the United States attained a 16.1% market share on a global scale.
- In Europe, Germany contributed about 8% market share in 2022. The United States is projected to expand at 8% CAGR over the forecast period.
- In the Asia Pacific, China and India are anticipated to expand at 8.7% and 6.7% CAGR in the estimated timeline.
- Based on product type, the activator adjuvants segment attained a 34% market share in 2022. Growing demand for sustainable pesticides in developed countries is projected to propel segment growth.
- The fungicide adjuvants, on the basis of application, grabbed a 23.7% market share in the historical period.
- By crop type, cereals are estimated to attain a 31.9% market share in the forecast period.
Key Developments in Agricultural Adjuvant Market
- In April 2021, Attune Agriculture collaborated with Nufarm Grupo to extend Ampersand adjuvant in Mexico. This surfactant functions differently in comparison to typical surfactants. Ampersand’s science-based approach focuses on heightened deposition, drift reduction, wash-off resistance, and evaporation protection for performance.
- In January 2021, Attune Agriculture revealed the extension of fresh crop products in the market. The company united with Commodity Ag to sell Accomplice. The product is an all-in-one adjuvant intended for application on row crops.
Key Companies Profiled
Brandt Consolidated, Lamberti SPA, Winfield Solutions, Llc, Dow Croning, Wilbur-Ellis Holdings, Inc., Helena Chemical Company, Clariant International Ltd., Croda Chemicals, Tanatex Chemicals, Momentive Performance Materials, Solvay SA & Adjuvant Plus Inc.
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Agricultural Adjuvant Market by Category
By Product Type:
- Activator Adjuvants
- Oil Adjuvants
- Surfactants
- Utility Adjuvants
By Application:
- Fungicide Adjuvants
- Insecticide Adjuvants
- Herbicide Adjuvants
- Others
By Crop Type:
- Cereals
- Oilseeds
- Fruits & Vegetables
- Other Crops
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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